Best 10 Careers to Pursue After Completing Retail Management

Do you know which field would offer you around 2 million job opportunities across the globe? It is Retail Management. Globalization has changed the landscape of Retail markets. Retail Management is presently one of the most flourishing industries in our country, and you will find numerous careers after completing retail management courses. Retail Management is a lucrative field today. It deals with the process of bringing potential customers to the store and fulfilling their needs. You can land a lucrative career in this field by pursuing online courses and certifications.

There was a time when it was limited to garment outlets or grocery shops. However, these limitations do not exist anymore. The big malls we visit, the shopping marts, supermarkets, and even the online shopping applications, that are now indispensable parts of our lives, are all part of retail.

Also read: Career as Certified Retail Management Professional by Vskills

In other words, retail has made our life easier, shopping effortless, and also generated ample careers in retail management for the youth. There are a plethora of online degree courses and even retail management certification courses that you can pursue from the comfort of your home. So, let’s get started with some of the best careers after completing retail management courses and career opportunities after retail management.

The Top 10 Careers After Completing Retail Management

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1. Retail Product Manager

This is one of the best careers after completing retail management courses. Retail Product Managers ensure successful management of any product being delivered to the customer. It is a high-ranking position in the field of retail management. The lifecycle of a product is managed by retail product managers. The job involves everything from the first step of ideation to building marketing strategies. The demand for retail product managers is very high, especially in India. The other responsibilities include strategizing, researching, providing insights, recruiting employees, and other responsibilities. The skills required for this position are strategic planning, oratory skills, negotiation skills, analytical skills, attention to detail, and long-sightedness.

You can become a Retail Product Manager after completing a bachelor’s degree or master’s degree in marketing or business administration or online diploma courses. An MBA in Retail Management or Product Management with experience of around 5-10 years would be perfect for this job. The average salary of a Retail Product Manager is around Rs 7-8 lakhs per annum for a fresher. The salary may go up to 50 lakhs with experience. The demand for workers supersedes the professionals, so the careers in retail management are excellent.

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2. Store Manager

The job of a retail store manager is to ensure that the daily operations of a department store are executed efficiently and smoothly. This is another one of the excellent careers in retail management. Their jobs also include coming up with new and better ideas for improvement in the store performance, profits, turnover of the store, and other aspects of store management. A store manager also works closely with HR, Marketing, Customer care, Logistics, Administration, Finance, and other important departments. The qualification required for this career is a graduation degree in Retail Management courses like BA in Retail Management. However, practical experience with a high school diploma can also suffice for requirements. You can also opt for online courses & certifications from top providers.

The average salary of a Retail Store Manager in India is around Rs 404,981 per annum. The top recruiters that hire Retail Store Managers are Vodafone Idea, Future Group, Landmark Group and others.

3. Sales Manager

Sales Managers work in both non-retail and retail settings. The day-to-day management of sales associates and activities related to sales are the responsibilities of Sales Manager. They aim to exceed or at least meet the expected sales goals. The managerial and leadership skills pay off this one of the careers in retail management. You must have a bachelor’s degree in finance, marketing, retail management, business retail management, or any other relevant field. A retail management online course would also be beneficial with excellent oral and written communication skills and interpersonal skills. Employment in this field is expected to grow around 5% between 2018-2028. The average Sales Manager salary in India is Rs 492,160 per annum.

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4. Merchandiser

Merchandisers are the professionals who control advertisements and other related elements in grocery stores for specific products. Besides, their responsibilities include visiting from one store to another for restocking and removing the products in the store. They keep everything clean, retag the shelves and set new items on delivery. The managerial skills and skills of keeping things in an organized manner pay off in this field. To become a retail sales merchandiser, you should procure a graduation degree in marketing or retail management. As careers in retail management will continue to surge, a high school diploma or retail management online course can also suffice for the criteria. The average salary of a Merchandiser in India is Rs 371,861 per annum.

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5. Warehouse Manager

This is among the best careers after completing retail management courses. The job of a Warehouse Manager is very diverse. They have many responsibilities regarding the receiving and maintenance of equipment. Warehouse Managers supervise the staff of the warehouse and work with them for the completion of the tasks. Complying with local, state, and federal warehousing is also one of their crucial tasks. An associate’s degree in retail management, business operations, logistics, and related fields gives an edge, however, experience in warehousing can also suffice for eligibility. Having retail management certification courses and skills like logistics, managerial skills, people management, operations and inventory management skills will pay off for this job profile. The average employment growth in the jobs of Warehouse Management is speculated to grow by 7% over the next 5 or 6 years. The average salary of a Warehouse Manager in India is Rs 493,943 per annum.
Also read: Certified Warehouse Manager BY Vskills

6. Brand Manager

The job of a Brand Manager is to develop effective and engaging marketing campaigns to build a good brand image in the minds of customers and increase profits. They go through different stages of a marketing campaign, from planning and strategizing to ultimate execution. If their campaign fails to bear the desired output, they alter and make required changes in it. Skills such as self-motivation, computer skills, leadership skills, communication skills, and multitasking abilities pay off this field job.

A Bachelor’s degree in advertising, Journalism, or retail management can open various careers in retail management as a brand manager. Many online learning platforms in collaboration with top global universities offer retail management courses to learn understand this field. It is predicted that the job growth in this field will grow around 8% between 2018-2028. The average salary of a brand manager in India is Rs 913,253 per annum. The pay may differ based on experience, skills, employer and job location.

Read more: High Paying Job Profiles After completing Retail Management

7. Marketing Executive

One of the best careers after completing retail management courses is Marketing Executive. The job of Marketing Executives is to manage the public relations, advertising, and marketing strategies section of any company for acquiring maximum profitability. Their responsibilities include researching the market to evaluate the potential demands of services and goods of the company and then strategize the marketing plan to meet the demand of the firm. An MBA Retail degree holder is the perfect candidate for this job profile. However, the basic educational requirement is a Bachelor’s degree in Business, Economics, Marketing, Retail Management, or equivalent.

One can also go for retail management certification courses to get a professional certificate in a specific marketing subject. Customer relationship management and decision-making are among the required skills for a Marketing Executive. The average salary of a Marketing Executive in India is Rs 290,066 per annum.

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8. Retail Sales Associate

If you have done or are planning to do a retail management online course, you can find the job of Retail Sales Associate easily. The job of a Retail Sales Associate is to aid the customers in picking the right product, keeping shelves stocked, and others. This profile does not necessarily require a degree. Retail management certification courses and training, or even a high school diploma can make you eligible and hone the right skills. The job growth is speculated to be 7-10% through the year 2022. A Retail Sales Associate in India can earn an average salary of Rs 242,582 per annum.

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9. Product Developer

This is another one of the best careers after completing retail management courses. Product developers mostly have a degree in industrial design, engineering, Retail Management, or other related fields. They work with other professionals to develop industrial or commercial products. Their responsibilities include ensuring the product is functional as well as safe. The average salary of a Product Developer in India is Rs 519,488 per annum. The job is estimated to grow by 2% between 2018-2028.

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10. Small Business Owner

If you do not want to work under a boss or a firm, you can even start your own business after retail management certification courses. Small business owners are the executive and financial heads of businesses. You can have a management team to aid with small processes and divide responsibilities among the members because it is not possible to micromanage all the tasks alone. Business owners are constantly engaged and start growing with just the right strategy and its implementation. There is no specific educational requirement as everything depends on you only, but a degree in management, finance, and related fields would come in handy. One can also go for retail management certification courses to step into the arena of businesses. Also, you would require significant capital to start the business. As the salary of a small business owner is not specific, on average, they can earn Rs 850,000 per annum.

Also read: Post Graduate Program in Retail Management by Prin LN Welingkar Institute of Management Development and Research, Mumbai

Conclusion

The Indian retail industry is estimated to reach ~US$ 1.3 trillion by 2024. The industry occupies fifth place in the world’s retail markets as per the economic values and contributes over 10% of the Indian GDP. One can only imagine the scope and profit by stepping into this field. The demand for skilled professionals and a new generation of smart retail professionals in this field is elevating with every passing moment. If you are inclined towards marketing, sales, merchandise, advertising, campaigning, or research, this is just the right field for your career. It is a very exciting field that will open various careers after completing retail management courses. You can also do an online course comparison to choose the best retail management online course. You can also start a small business or become be a part of Reliance, Big Bazaar, or other renowned retail players.

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